Czech Republic: VAT Act

In July the Chamber of Deputies dealt with amendments to the VAT Act. Apart from the increases of the tax rate by 1% (to 15% and 21%) effective from 1 January 2013, that still needs to be approved by the Senate, the amendment also contains other measures regarding the method of calculating the tax base and the amount of tax.

The technical amendment to the VAT Act has been discussed only in the first reading, with the next debate planned for the autumn meeting of the Chamber of Deputies. It proposes changes of a technical nature as a reaction go changes in European legislation.

Among others, the amendment will extend the situations in which the customer is liable for payment of VAT on the supply in the event that it is not paid by the supplier. Apart from situations already covered by the present wording of the VAT Act, the customer will now be, without further conditions, liable for payment of VAT also if making the payment for the taxable supply to a supplier’s account that has not been published by the tax administrator. The customer will also be liable for VAT payment if the supplier is a so-called “unreliable payer”.



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